Eco-friendly Tiles Market Trends, Size, Share, Growth Insight, Aftermarket Analysis, Competitive Overview, Regional, And Global Industry Forecast To 2023

17/apr/2020 14:50:04 Automotive Market Research Reports Contatta l'autore

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Eco-friendly tiles are derived from renewable materials such as clay and scrap and are gaining popularity in the construction industry. Market Research Future (MRFR) has launched an in-depth study on the global eco-friendly tiles market and has projected A CAGR of 9.2% over the forecast period of 2017-2023.

Manufacturing of eco-friendly tiles is energy efficient and produces the least amount of waste. In addition, they are cost-efficient. Eco-friendly tiles are being increasingly used in place of traditional tiles. Rise in number of green building projects and heightened focus on sustainability is driving the growth of the eco-friendly tiles market.

The trend of eco-friendly workplace designs is a key factor which is creating a conducive environment for the growth of the market. Multinational companies are endeavoring to incorporate several eco-friendly features to their workplaces as they are looking towards more sustainable future.

The trend of eco-friendly workplace designs is a key factor which is creating a conducive environment for the growth of the market. Multinational companies are endeavouring to incorporate several eco-friendly features to their workplaces as they are looking towards more sustainable future.

Availability of eco-friendly tiles in chic and stylish options along with features such as anti-stain, high gloss, and outstanding durability are also generating demand within the market.

Segmentation

The global eco-friendly tiles market has been segmented based on type, product, and end-user.

By type, the eco-friendly tiles market has been segmented into Porcelain, Ceramic, Terrazzo, and others. Ceramic and porcelain tiles are extensively used across residential as well as commercial construction. Ceramic tiles are composed of natural products such as clay and sand and can be molded in desired sizes.

By product, the eco-friendly tiles market has been segmented into floor tiles, wall tiles, and others. The floor tiles segment is anticipated to be the fastest growing segment over the forecast period.

By end-user, the eco-friendly tiles market has been segmented into residential and non-residential. The non-residential segment is dominating the market on account of heightened use in commercial buildings such as office buildings, restaurants, schools, hospitals, and others. Moreover, the residential sector is also exhibiting high interest towards eco-friendly tiles. Rise in renovation and refurbishment activities is supporting the growth of the market.

Regional Analysis

Region-wise, the eco-friendly tiles market has been segmented into North America, Rest-of-the-World (RoW), Europe, and Asia Pacific (APAC).

APAC accounted for the most significant share of the global market in 2016 and is expected to be the fastest growing market as well. Rapid constructional activities in the emerging economies of the region is fostering the market growth. Due to economic upturn in the region, there is a greater requirement for commercial and institutional spaces which is generating considerable demand for eco-friendly tiles. Moreover, to capitalize on the advantages provided by the region such as availability of relatively cheap labor, abundant raw material supply, and lesser operating costs, various industry players are shifting their production facilities in the region. Moreover, various exemption provided by the governments in the region to boost residential construction is creating a conducive environment for the growth of the eco-friendly tiles market.

Europe is home to various eco-friendly tile manufacturers who are based in the UK, Poland, Germany, and France, which gives the region a leverage over others. Rise in remodeling and reconstruction of homes in the region has driven the market majorly.

Competitive Landscape

Dal-Tile Corporation (U.S.), Wausau Tile, Inc. (U.S.), Terra Green Ceramics Inc (U.S.), Vitromex USA (U.S.), Nemo Tile Company Inc. (U.S.), Villagio Tile & Stone (U.S.), ANN Sacks Tile & Stone, Inc. (U.S.), EnviroGLAS Products Inc. (U.S.), Crossville Inc. (U.S.), Arizona Tile (U.S.), Marazzi Group S.r.l. (Italy), Division Iris Ceramica (Italy), Johnson Tiles (India), Florim Ceramiche S.P.A (Italy), and Bedrosians Tile & Stone (U.S.) are the notable players in the eco-friendly tiles market.

Industry Updates

April 2019 – The International Surface Event (TISE), the largest floor covering, stone, and tile industry event of North America, launched Surfaces and Design Event China (SURFACES China). SURFACES China featured tone, tiles, floor and wall covering products, installation and maintenance technology and equipment, while focusing on new designs and eco-friendliness.

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